Polkadot Launches Cross-chain Messaging System In Major Upgrade

Blockchain platform Polkadot has launched a new cross-chain communications protocol that enables a parachain to communicate with another and allows assets like NFTs to be transported from one chain to another. Enabling Communication With Other Networks According to an official announcement, Polkadot has launched a new messaging system (XCM) which allows communication across multiple parachains in addition to enabling cross-chain transfer of assets like NFTs. In essence, this means that the Polkadot ecosystem is now fully interoperable. After passing community vote, v0.9.19 has been enacted on Polkadot. This upgrade included a batch call upgrading Polkadot’s runtime to enable parachain-to-parachain messaging over XCM and upgrading #Statemint to include minting assets (like NFTs) and teleports. pic.twitter.com/uqIB5di2Q1 — Polkadot (@Polkadot) May 4, 2022 Besides offering interoperability, XCM has also been developed to support communication between smart contracts and Substrate runtime modules, the modular blockchain software development kit underpinning the Polkadot network. “I see traditional smart contracts on isolated Layer 1 chains like setting up shop in a kingdom surrounded by walls. Then we have bridges which are like a trading route that first connected nations from nations. Now we have XCM, which is like a free trade agreement for blockchains. This is the natural future,” Astar Chief Technical Officer Hoon Kim, commen...